Accor is a world-leading augmented hospitality group offering unique experiences in 5,000 hotels and residences across 110 destinations. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. The latter reflected high fixed costs coupled with a sharp decline in RevPAR for the Sales, Marketing, Distribution and Loyalty (SMDL) businesses. Singapore, 15 April 2021 - City Developments Limited (CDL) has published its Integrated Sustainability Report (ISR) 2021, its fourteenth sustainability report since 2008. Corporate Sustainability; . At the end of December 2021, the Group had a hotel portfolio of 777,714 rooms (5,298 hotels) and a pipeline of 214,000 rooms (1,218 hotels). It describes the Company's sustainability platform, material focus areas, goals and results. The report covers the period 1 January to 31 December. During 2021, Accor organically opened 288 hotels, representing 41,000 rooms, resulting in a net growth in the network of 3% over the 12-month period. 2022 Full-year results. We strive to develop sustainable hospitality strategies and encourage sustainability wherever we operate." Mr. Thirayuth Chirathivat Chief Executive Officer, Centara Hotels & Resorts On February 8, 2021, Accor was granted a covenant holiday to June 2022 for its of suppliers regard H&M Group as a fair business partner. This change masks disparities between the hard-hit businesses directly related to the Travel segment, such as onefinestay private home rentals, and the digital businesses, such as D-Edge services. Changes in the scope of consolidation (acquisitions and disposals) contributed a positive Key performance indicators. Through another year of change and challenges, we further strengthened our environmental conservation and dedication to making a lasting positive impact in our communities. Savings made on water and energy are used to fund tree planting.One tree is planted every minute. Building on the strength of our teams and of our holistic ecosystem of leading brands, personalized services & expert solutions, we break new ground to reimagine hospitality and inspire new ways to experience the world. You can email the site owner to let them know you were blocked. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. Responsible Business Report 2022. On February 5, 2021, Accor redeemed the maturing 550 million outstanding amount of a 900 million bond issued in February 2014. . Accor is deeply committed to sustainable value creation, and plays an active role in giving back to the planet and the community. Increase in Public Direct and Indirect mix of hotel for consecutive 2 Years. The Group achieved solid results regarding the actions taken over the 2011-2015 period. the share of recycled materials used in our garments from 5.8% to 17.9%. All regions are now generating positive EBITDA. Performance & security by Cloudflare. Guest Service Agent - Club Sofitel Lounge. accor sustainability report 2020meadowglen lane apartments. Through its global sustainability commitments (such as achieving Net Zero Carbon emissions by 2050, global elimination of single use plastics in its hotels' guest experience, etc. HotelServices, which includes fees from Management & Franchise (M&F) and Services to Owners, generated 1,582 million in revenue, up 36% like-for-like versus FY 2020 (down (46)% like-for-like versus FY 2019). The Group controls this new entity through the ownership of a 66.67% stake. It has affected so many people around the world. Group revenue for the third quarter of 2021 came in at 589 million, up 79% as reported, and 79% like-for-like versus Q3 2020 (i.e., -40% compared with Q3 2019). Delivers result and achieves, exceed company goals and targets on a regular and consis<br><br>Specialties: Food and Beverage Operations, Supplier Negotiations, Purchasing . Success of the maiden Sustainability-Linked Bond and the Liability Management transaction. Read full report. The report solidifies the company's commitment to creating a sustainable future and making a difference in the lives of employees, guests and the communities in which it operates. We keep a close eye on our key extra-financial performance indicators in order to demonstrate the results we achieve and the shared value that we create. The Planet 21 programme demonstrates the Group's ambitious goals for 2020, based around four strategic priorities: work with its employees, involve its customers, innovate with its partners and work with local communities. You can email the site owner to let them know you were blocked. In the Americas, the improvement in RevPAR was also noteworthy (+18 percentage points between the third and fourth quarters) which translated into a FY 2021 RevPAR down (46)% compared with FY 2019. (ESG) strategy framework is focused on 10 priorities, determined through a materiality assessment conducted in mid-2020. The report includes the Group's management approach in integrating sustainability into its policies, structure, management and operations. This report also includes a summary of how ITC's Sustainability 2.0 ambitions and priorities are contributing to the achievement of United Nation's Sustainable Development Goals (UN SDGs). The cost of net financial debt was up between FY 2020 and FY 2021, reflecting the downward revision to the Groups S&P credit rating in August 2020. AccorHotels is a Group united by a shared passion for hospitality and driven by a shared promise to make everyone Feel Welcome.Over 190,000 women and men in 3,900 AccorHotels establishments look after thousands of guests every day in 92 countries.AccorHotels is the worlds leading hotel operator and offers its customers, partners and employees:- its dual expertise as a hotel operator and franchisor (HotelServices) and a hotel owner and investor (HotelInvest);- a large portfolio of internationally renowned brands covering the full spectrum, with luxury (Sofitel, Pullman, MGallery by Sofitel, Grand Mercure, The Sebel), midscale (Novotel, Suite Novotel, Mercure, Mama Shelter, Adagio) and economy (ibis, ibis Styles, ibis budget, adagio access and hotelF1) establishments;- a powerful marketplace and loyalty program: Le Club AccorHotels;- almost half a century of commitment to corporate citizenship and solidarity with the PLANET 21 program.Accor SA shares are listed on the Euronext Paris exchange (ISIN code: FR0000120404) and traded in the USA on the OTC marketplace (Code: ACRFY). Korian Share. Your IP: Your IP: In early 2020, W. L. Gore & Associates (Gore) announced its first carbon reduction goals for the enterprise: a 60% reduction in absolute . SUSTAINABILITY AND CSR REPORT 2019. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. The proceeds of this issue were partly used to refinance existing debt of 448 million with maturities in 2023 and 2024, through a Liability Management operation coupled to this bond issue. Live stock. Accor, a hospitality group with more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries, today joins the Sustainable . This website is using a security service to protect itself from online attacks. By reducing its cradle-to-grave carbon footprint intensity of 11% compared to 2019 and increasing the recyclability of its products to a total of 65% the company is on a clear and ambitious path forward with its sustainability strategy CARE. This website is using a security service to protect itself from online attacks. This website is using a security service to protect itself from online attacks. An increase related primarily to the loss of recurring free cash flow in full-year 2020, the investment related to the acquisition of all of sbes brands, and the implementation of a share buyback program in Q1 2020. In general, the sharper decline in M&F revenue compared to RevPAR (down (46)% over FY 2021 versus FY 2019) can be attributed to the strong decrease in incentive fees based on the hotel operating margin generated from management contracts. This improvement in demand meant that average room rates came close to or, in many destinations at the end of 2021, even exceeded pre-Covid-19 levels. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Revenue Manager. Full-Year 2022 Results. . Your IP: It reinforces some of the Groups fundamental commitments, such as curbing its environmental footprint, and identifies new objectives which dovetail with both the changes to the business model and its strategic priorities, such as Food & Beverage and the sustainable management of its property portfolio through HotelInvest. The fiscal year 2021 was the opportunity for Accor to continue optimizing its debt profile while aligning its financing strategy with its CRS ambitions. On October 1, 2021, following the all-share merger, Accor became the majority shareholder in the new entity created with Ennismore, positioned in the Lifestyle hotel segment. Press Releases. Our vision is to drive the change towards positive, more responsible and inventive hospitality, wherever we are., Planet 21|2016-2020: same direction, higher aims. Letter from the CEO. 2020. Our Future is About Sustainable Growth. It has made significant progress, in particular as regards well-being in the workplace, child protection, biodiversity, and water and energy consumption management. *This commitment should be reached in the year 2020 in areas where the supply chains are developed (in-shell eggs in Europe, for example) and by 2025 on the markets where the supply chains are still in development. Performance & security by Cloudflare. This transaction completed the Liability Management operation initiated with the successful placement on November 18, 2021, of an inaugural Sustainability-Linked Bond issue indexed on the Groups sustainable development targets for an amount of 700 million (7-year maturity, 2.375% coupon). Quality Policy. During the second half of 2021, the Group returned to a positive cash generation situation. At the end of 2015, all its hotels were committed to protecting children from abuse (in-house awareness program, WATCH) and more than 4.5 million trees had been planted worldwide since 2009. In 2021, payment of fees was in line with business levels during the year as well as the collection of certain fees for which payment deadline extensions were granted to certain hotel owners. We are working to reduce the environmental impacts of our operations through our EnviroAction program. United Arab Emirates. Armed with these strengths, we are confident in our capacity to enduringly continue creating value for our partners as well as our shareholders.. Sbastien Bazin, Chairman and Chief Executive Officer of Accor, said:Despite a disrupted start of the year due to overall health restrictions, 2021 showed significant improvement in our business, as of the spring, with trends picking-up month after month right up to December. It follows the GRI methodology and use selected Standards with a GRI . It was a tough year for everyone. For additional information or eco - collaborations kindly contact : Ms. Kavitha Kanichettysai Sai ha8v6-qm@accor.com. Key Achievements-. Melco recognized by global environmental disclosure system CDP as one of China's . In 2013, for example, Kering founded the Material Innovation Lab, which provides the Group's Houses with more than 3,000 sustainable fabric and textile samples. During the first quarter of 2021, two capital increases were completed for the amounts of 150 million (of which 45 million for Accor) and of 327 million (of which 109 million for Accor). Charlotte ThouvardSenior Vice President Group External CommunicationsAccor, 1995-2023 Hospitality Net All rights reserved Hospitality Net is powered by Hsyndicate, Accor's Third-quarter 2021 revenue of 589 million up 79% like-for-like, Accor CEO: Business is back, teams are back, desire is back.. The third annual Atos Integrated Report provides a comprehensive review of our financial and non-financial performance in 2020. Net profit, Group share was accordingly 85 million, compared with a loss of (1,988) million in 2020. We share our vision of digital transformation with purpose, our strategy and our . 12/28/2022. Accor achieved all of this while ensuring that tomorrow's hospitality is built on sustainable foundations, and we strive to make a positive impact on people and planet, giving back more than we take. This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option). Indeed, Accor placed an inaugural bond issue indexed to the Groups sustainable development goals (Sustainability-Linked Bond or SLB). Click to reveal Rebilling of hotel costs (with a revenue at 555 million in 2021) structurally remain at breakeven at the EBITDA level. Accor is a committed, inclusive company that strives to limit its carbon footprint and impact on the planet, and to respond to travelers' concerns about social and environmental responsibility. In the India, Middle East, Africa & Turkey (IMEAT) region, the recovery in business between the third and fourth quarters was impressive (+28 percentage points with RevPAR exceeding FY 2019 levels in the last quarter). With Omicron variant outbreak, January marked a pause in the monthly RevPAR improvement seen since April, but February is already a turning point. Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. Morroco Ourika. Through the lens of the Covid-19 pandemic and the subsequent economic and operating challenges generated by . Included in the Integrated Report (Section 5 - p. 88) download. Group net financial debt as of December 31, 2021 came to 1,844 million, versus 1,346 million as of December 31, 2020. The world continues to change at pace and regulatory pressure is increasing for all businesses, including financial institutions. Planet 21 Season 1 [2011-2015]: a solid track record. 16.3 mb. At the end of 2021, between 25% and 27% of our revenues comes from lighting innovations that increase food availability, safety & security, or health & wellbeing. Themed "Advancing Change Resilience", the digital report communicates CDL's progress towards its material Environmental, Social and Governance (ESG) goals and targets . Solid and sustainable rebound. Our 21st Sustainability Report covers the period 01 January 2021 . Included in the . It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience. This performance was linked to the recovery in business which reflected better absorption of fixed costs. The fruit and vegetables from this garden are served in the restaurant. room and apartment distribution activities and managed properties). Double our percentage of women in leadership to 34%. In 2021, the Group reported a consolidated revenue of 2,204 million, up 34% like-for-like (LFL) versus FY 2020. It shares the Group's sustainability journey, provides insights into its strategies, as well as highlights the economic, environmental and social aspects of the Group's developments and operations. Environmental Policy. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. . The issues we are tackling are systemic, requiring supply chain and business transformation. The new system aims higher and is more accommodating as regards local specifics and operational realities. - Lacey Pfalz, Associate Writer, TravelPulse. These two transactions were part of the bank financing restructuring negotiated by AccorInvest, which also provided for a loan guaranteed by the French government. Find out more about our design for recyclability on page 27 of the 2022 Sustainability Report. +7 percentage points between the third and fourth quarters). . Sustainability Disclosure 2021. Planet 21 Season 2 must enable us to create wealth sustainably and curb our negative impacts through the mobilization of our employees, guests, partners and local communities. Aligned with the United Nations Sustainable Development Goals (SDGs), they commit to drive continued action on human rights, youth employment, climate action and water stewardship. Read more >. Accor's sustainability approach includes initiatives at your hotel to . This performance breaks down as positive EBITDA for Management & Franchise (M&F) and a negative contribution from Services to Owners. Ben van Beurden, CEO. Organic waste diversion program in place. Anne-France MalrieuImage 7Phone: +33 1 53 70 74 66afmalrieu@image7.fr, Carina Alfonso MartinDirectrice des Relations Media mondePhone: +33 1 45 38 84 84carina.alfonsomartin@accor.com, Delphine DumonceauRelations pressePhone: +33 1 45 38 84 95delphine.dumonceau@accor.com, Marie-Camille AubagnacRelations pressePhone: +33 1 45 38 19 16marie-camille.aubagnac@accor.com, Sbastien ValentinSVP Financial Communications and Investor RelationsPhone: 33 (0)1 45 38 86 25sebastien.valentin@accor.com, Marie NielInvestor RelationsPhone: +33 (0)1 45 38 86 94marie.niel@accor.com. Dec 2016 - Jan 20181 year 2 months. Accor is a world leading hospitality Group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. Accor is a hotel management company founded in 1967 and based in Paris, France. You can email the site owner to let them know you were blocked. The action you just performed triggered the security solution. For 2022, the Group expects a net unit growth of 3.5%. Companies that respond effectively to the challenges of sustainability can gain a competitive advantage and increase share value. Performance & security by Cloudflare. Cloudflare Ray ID: 7a2f181ebecd86c6 This plan was the Groups way of encouraging the hospitality business to do Many have lost their lives. - Novotel offers eco-designed beds made from wood sourced from sustainably-managed forests (FSC certified), as well as bedspreads and pillowcases made from recycled bottles. The Management & Franchise division of HotelServices reported EBITDA of 275 million, significantly higher than in 2020 (25 million) and down (64)% like-for-like compared with FY 2019. The coupon of this 700 million bond is indexed on the Accors carbon emission reduction goals. 67.211.219.14 The Executive Summary has been crafted to provide its reader a quick overview of ITC's Sustainability journey in FY2022, serving as a concise yet comprehensive companion to the detailed Sustainability and . This SPAC successfully raised 300 million with a view to acquire one or more companies in sectors related to the core hotel business operated by Accor, At the end of 2021, the Group notably successfully renegotiated the covenant linked to the 1,200 million credit facility which now includes a liquidity covenant out to December 2023 before returning to the initial net debt ratio covenant. We measure and report on our Scope 1, Scope 2 . This result contributes to creating a great place to work. Accor AC - Euronext Paris. PDF 10.87MB; ESG Databook. The action you just performed triggered the security solution. The covenant was not tested on the two test dates of June 30 and December 31, 2021. 164.46.106.217 Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Initiatives to cut fixed costs were partially offset by weaker government subsidies than a year earlier, but nevertheless also continued to have a positive impact. Accor. THE FIGHT AGAINST THE SEXUAL EXPLOITATION OF CHILDREN. Cloudflare Ray ID: 7a2f1821ef190cc1 Coupa provides a unified, cloud-based spend management platform that connects hundreds of . Consolidated RevPAR was down (46)% overall in 2021 versus FY 2019. To provide a comparison with RevPAR (presented as the change versus FY 2019 throughout this release), the like-for-like decline in revenue versus FY 2019 is (42)%. As of December 31, 2021, the average cost of Accor's debt came to 2.2% with an average maturity of four years, with no major repayment dates before 2026. Sbastien Bazin, the Group's Chairman & CEO, stated, "The commitment and energy demonstrated by our teams in deploying Planet 21 worldwide, are both valuable levers for our sustainable performance. You can email the site owner to let them know you were blocked. It is one of four key enablers to deliver our Strategic Plan. Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. notably in the Food & Beverage segment, but also for flex office activities, wellness, entertainment and events as well as technologies linked to the hotel industry.